Bitcoin News on Nostr: Australia's Monochrome Asset Management launched its Monochrome Bitcoin ETF (IBTC) on ...
Australia's Monochrome Asset Management launched its Monochrome Bitcoin ETF (IBTC) on the Cboe Australia exchange starting
[source](shutterstock)
Tuesday, June 4, 2024.Monochrome Asset Management stated that IBTC is Australia's first and only ETF to hold Bitcoin directly. The announcement highlighted that prior to IBTC, Australian investors were limited to ETFs with indirect Bitcoin exposure or offshore Bitcoin products, neither of which offered the investor protections provided by the directly held crypto asset Australian Financial Services Licensing (AFSL) regime.Monochrome Asset Management initially filed for its IBTC ETF in April, capitalising on the growing global interest in spot Bitcoin ETFs. After receiving approval in August 2022, the fund will now provide investors with direct exposure to Bitcoin, Ethereum, and other crypto assets.
Published at
2024-06-04 12:56:16Event JSON
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